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The objective of the fund is to maximise long term-capital growth from a concentrated portfolio primarily invested within securities of UK companies. The product does not have any company size or economic sector bias and is managed on a total return basis.
The fund is designed to be at the more aggressive end of the product range offering, falling into the new category of funds that pay little or no attention to benchmark weights.
Short term bets are not considered, but stocks will be sold when valuation targets are exceeded.
Companies with strong cash-flow characteristics are preferred. Newton are unusual in that they make use of the ability to invest up to 20% of the fund outside the core area, this means that overseas stocks that fit the thematic profile and are considered better value than the home grown variety will be held.